Parity brings the full power of DeFi to Bitcoin Cash
ParityUSD is an over-collateralized stablecoin on BCH, designed for stability, decentralization, and yield generation.
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Introducing ParityUSD
ParityUSD is a novel decentralized stablecoin project on CashTokens. ParityUSD is issued by users creating over-collateralized loans with Bitcoin Cash as collateral. The ParityUSD stablecoin is designed to be directly redeemable for the underlying BCH.
Core Functions
Three powerful ways to use ParityUSD
Borrow
Borrow up to 90% of your deposited BCH collateral in PUSD. Maintain exposure to BCH while accessing liquidity.
Stake
Earn BCH yield by staking PUSD in the Stability Pool. Earn interest and a share of liquidation fees.
Redeem
Redeem PUSD for BCH at the current market price. Direct redemption ensures the stablecoin maintains its peg.
Stability Mechanism
ParityUSD uses redemptions and dynamic interest rates to maintain the $1 peg. The protocol builds on Liquity V2, featuring market-driven rates and liquidation mechanisms that automatically adjust to market conditions.
Borrow Against Your BCH
Borrow up to 90% of your collateral value in ParityUSD without selling your Bitcoin Cash holdings. Maintain exposure to BCH while accessing liquidity for your needs.
Built on CashTokens
CashTokens technology enables negligible fees, censorship resistance and true ownership for the ParityUSD stablecoin. CashTokens also enjoy broad wallet and DEX support enabling easy use of PUSD.
Frequently Asked Questions
Everything you need to know about ParityUSD